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Many homeowners and real-estate agents in California are eagerly anticipating a surge of new buyers. Facebook's IPO filing is revealing how much it intends to raise from the stock market, what it plans to do with the money and details on its own financial performance and future growth prospects Wealth managers and investment advisers are also looking to win new clients. Waiting on Wall Street: According to another former Facebook employee, it was not unusual for the company to offer some executive-level hires up to , restricted shares as recently as three years ago. The initial public offering is the biggest ever to come out of the tech hub of Silicon Valley Liquidnet head of private trading Lou Kerner estimates that Facebook now has roughly 2. After a 5-for-1 stock split in October , the engineer would now have the right to buy around , shares.
Despite owning no more than a quarter of shares, he will control 57 per cent of votes even after the sale of shares to the public. The company's filing even singled out Mr Zuckerberg's control as a major risk which could jeopardise the company's performance in future - it pointed out that he was able to vote 'in his own interests, which may not always be in the interests of our stockholders generally'.
In a letter included in the filing, Mr Zuckerberg painted a rosy, idealistic picture of Facebook. Facebook employees past and present are already hatching plans on spending potential new wealth, even as regulations typically prevent employee stock options from being cashed in for six months.
Facebook's earliest employees and early venture capital investors will see the biggest paydays. But the wealth will trickle down to engineers, salespeople and other staffers who later joined the company, since most employees receive salary plus some kind of equity-based compensation.
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Yet public health officials, afraid they couldn't honestly generate support, deliberately frightened and deceived American taxpayers to get them to cough up the dough.